According to the manager they operate retail traders can be basically classified as follows

1. Mobile retailers
2. — Fixed retailers

— Different kinds of retail traders can be shown in the following flow chart.

• Mobile trade is the sale of goods going from place to place and fixed trade is selling goods in one place.
• —Mobile trade and fixed trade can be classified as small scale and large scale.
• —The person who sells different kinds of ornamental items on a small scale using bicycles
  and carts is called a hawker
• When vegetables, fruits etc are sold on small scale in a small place prepared to keep the
  goods, it is called a stall
• When different types of goods are sold under one ownership in one building with separatesections for each type, they are called departmental stores.
• When there are branches of stores all over the country to sell the products of one producer, they are called Multiple stores.
• When goods are sold with an agreement to sell only one producer’s goods they are called chain stores. (Explain briefly the other stores included in the above diagram)

— The following are some of the new trends in present retail trade.

• Using modern management techniques.
• Maintaining relatively large scale retail stores.
• Getting required quantity of stock just in time (JIT) without stocking large stocks.
•  Computerised price index.
•  Payments through credit cards.
• Maintaining relationship networks with customers.